UPDATE - NioCorp Reports Voting Results From The Election of Directors at its 2018 Annual General Meeting

CENTENNIAL, Colo., Dec. 06, 2018 (GLOBE NEWSWIRE) -- NioCorp Developments Ltd. (“NioCorp” or the “Company”) (TSX: NB; OTCQX: NIOBF; and FSE: BR3) announces the details of the voting results from the election of directors at its 2018 Annual General Meeting, held on December 5, 2018 in Centennial, CO.

By resolution passed via ballot, the six nominees referenced below were appointed as Directors of the Corporation to serve until the next annual meeting of shareholders of the Corporation, or until their successors are elected or appointed. The results of the ballot were as follows:

Name of Nominee

Votes For

Percent

Votes Withheld

Percent

Mark A. Smith

35,422,420

96.55

1,266,463

3.45

Joseph A. Carrabba

36,277,167

98.88

411,716

1.12

David C. Beling

36,281,167

98.89

407,716

1.11

Michael Morris

36,282,167

98.89

406,716

1.11

Anna Castner Wightman

36,282,961

98.89

405,922

1.11

Nilsa Guerrero Mahon

35,881,218

97.80

807,665

2.2

Shareholders also approved setting the number of directors for the ensuing year at six and the re-appointment of BDO USA, LLP as auditors of the Company.

NioCorp is developing a superalloy materials project in Southeast Nebraska that will produce Niobium, Scandium, and Titanium. Niobium is used to produce superalloys as well as High Strength, Low Alloy ("HSLA") steel, which is a lighter, stronger steel used in automotive, structural, and pipeline applications. Scandium is a superalloy material that can be combined with Aluminum to make alloys with increased strength and improved corrosion resistance. Scandium also is a critical component of advanced solid oxide fuel cells. Titanium is used in various superalloys and is a key component of pigments used in paper, paint and plastics and is also used for aerospace applications, armor and medical implants.